The FT reports, citing sources familiar, that the complaints
allege that Deutsche misvalued a huge position in its credit
derivatives portfolio by not taking into consideration the losses
it faced when the market went down in 2007 to 2009.

All three allege that if Deutsche had accounted properly
for its positions – worth $130bn on a notional level – its
capital would have fallen to dangerous levels during the
financial crisis and it might have required a government bail-out
to survive.

The bank said in a statement to the newspaper that this is
old news and that it was publicly reported back in
2011.